Cornelia T Bailey Charitable Tr
- Assets
- $176.8m
- Revenue
- $12.2m
- Investments
- $129.8m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- Data as of
- 12/2023
- EIN
- 88-6220451
Organization Overview
Cornelia T Bailey Charitable Tr is located in West Palm Beach, FL. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornelia T Bailey Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Cornelia T Bailey Charitable Tr generated $12.2m in total revenue. All expenses for the organization totaled $12.8m during the year ending 12/2023.
Since 2022, Cornelia T Bailey Charitable Tr has awarded 373 individual grants totaling $16,708,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Na N/a | 0 | $0 | |
Na N/a | 0 | $0 | |
Na N/a | 0 | $0 | |
Eileen J Daly Co-Trustee | 30 | $577,411 | |
Stephen G Vogelsang ESQ Co-Trustee | 20 | $346,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,899 |
| Interest on Savings | $108 |
| Dividends & Interest | $6,976,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,225,115 |
| Capital Gain Net Income | $5,225,115 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,461 |
| Total Revenue | $12,213,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $923,858 |
| Other employee salaries and wages | $185,208 |
| Pension plans, employee benefits | $14,184 |
| Interest | $223 |
| Taxes | $37,025 |
| Depreciation | $0 |
| Occupancy | $82,244 |
| Travel, conferences, and meetings | $40,411 |
| Printing and publications | $0 |
| Other expenses | $39,628 |
| Total operating and administrative expenses | $1,839,407 |
| Contributions, gifts, grants paid | $11,007,500 |
| Total expenses and disbursements | $12,846,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,901,391 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $60,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $176,802,269 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,711 |
| Total liabilities | $1,711 |
Grants Awarded
Over the last fiscal year, Cornelia T Bailey Charitable Tr has awarded $11,007,500 in support to 226 organizations.
| Grant Recipient | Amount |
|---|---|
13 HANDS EQUINE RESCUE PURPOSE: EQUINE ASSISTED THERAPY FOR VETERANS | $10,000 |
211 PALM BEACH TREASURE COAST PURPOSE: HELPLINE AND HELP ME GROW PROGRAM | $10,000 |
ACHIEVE MIAMI PURPOSE: ACHIEVE SCHOLARS | $25,000 |
826DC PURPOSE: IN-SCHOOL WRITING EDITING AND PUBLISHING PROGRAM | $25,000 |
ACHIEVEMENT CENTERS FOR CHILDREN & FAMILIES PURPOSE: ART ENRICHMENT PROGRAMMING | $25,000 |
ADRIENNE ARSHT CENTER TRUST PURPOSE: LEARNING THROUGH THE ARTS | $100,000 |